Cancellation and Destruction. Each of the Registrar and the Transfer Agent, as the case may be, shall cancel and destroy each mutilated or defaced Note Certificate surrendered to it in respect of which a replacement has been delivered and the Registrar shall, in addition, as promptly as is practicable, enter such details on the Register.
Appears in 16 contracts
Sources: Issuer Paying Agent and Agent Bank Agreement (Granite Finance Trustees LTD), Issuer Paying Agent and Agent Bank Agreement (Granite Mortgages 03-3 PLC), Issuer Paying Agent and Agent Bank Agreement (Granite Finance Funding 2 LTD)